PANews reported on November 13th that ConsenSys, the ETH development company, revealed that its constructed rollup blockchain Linea is about to release the "LINEA" Token; LINEA Token will be rewarded to active contributors and users of the Linea network; specific allocation criteria and schedule have not been announced yet, but it is expected to release LINEA in the first quarter of next year.
Consensys founder and CEO Joe Lubin said that Trump's election did not affect ConsenSys's final decision to announce LINEA, but he admitted, "We have long operated under a cloud of uncertainty. If we were worried that the US Securities and Exchange Commission (SEC) would come knocking, we would have stopped tokenization years ago."
This Token marks an important step towards the decentralization of the Linea ecosystem. In addition to the LINEA Token, ConsenSys has also announced the establishment of the Linea Association, a non-profit organization responsible for distributing Tokens and guiding the development of the Linea protocol. Furthermore, Lubin stated, 'There will also be a Decentralized Autonomous Organization (DAO), and there may be sub-DAOs to organize the work.' Lubin mentioned that a high proportion of Tokens will be dedicated to the community, but did not specify how many Tokens will be distributed to the Linea community or other network stakeholders.
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ConsenSys's Layer2 network Linea plans to issue LINEA Token in Q1 next year
PANews reported on November 13th that ConsenSys, the ETH development company, revealed that its constructed rollup blockchain Linea is about to release the "LINEA" Token; LINEA Token will be rewarded to active contributors and users of the Linea network; specific allocation criteria and schedule have not been announced yet, but it is expected to release LINEA in the first quarter of next year. Consensys founder and CEO Joe Lubin said that Trump's election did not affect ConsenSys's final decision to announce LINEA, but he admitted, "We have long operated under a cloud of uncertainty. If we were worried that the US Securities and Exchange Commission (SEC) would come knocking, we would have stopped tokenization years ago." This Token marks an important step towards the decentralization of the Linea ecosystem. In addition to the LINEA Token, ConsenSys has also announced the establishment of the Linea Association, a non-profit organization responsible for distributing Tokens and guiding the development of the Linea protocol. Furthermore, Lubin stated, 'There will also be a Decentralized Autonomous Organization (DAO), and there may be sub-DAOs to organize the work.' Lubin mentioned that a high proportion of Tokens will be dedicated to the community, but did not specify how many Tokens will be distributed to the Linea community or other network stakeholders.